All Article articles – Page 134
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Farfetch links up with Harrods and JD.com
While reporting an encouraging reduction in losses for the fourth quarter of 2018, Farfetch announced last month major partnerships with the exclusive Harrods department store in London and JD.com, the second-largest e-tailer in China. The bigger Alibaba Group had previously struck a similar deal with Yoox-Net-a-Porter.Consolidating its position as a ...
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Vivarte hires a general manager for focused growth
Stéphane Roche, 57, was appointed Vivarte's general manager on March 4. He will be working with Vivarte's current president, Patrick Puy, who had been looking for a retail expert to initiate a new phase after three years of restructuring at the French group, which still owns La Halle and Caroll, ...
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The international trade picture is getting foggier
The next hours will be decisive for the future relations between the U.K. and the European Union. Meanwhile, many foreign companies in the footwear sector and others have been gearing themselves up for the worst scenario of a possible immediate exit of the U.K. by the previously set deadline of ...
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Footasylum returns to its roots
JD Sports Fashion has acquired a stake of 18 percent in 8,676,878 shares of Footasylum, the U.K.-based retailer of sneakers and sports apparel. JD announced first that it had bought 8.3 percent of the shares, but then Footasylum said that JD's stake had risen to more than 18 perent. ...
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Who is Luís Onofre?
Luís Onofre, 43, launched his own brand of handcrafted designer women's shoes in 1999. He started to participate in the Micam show in Milan in 2003. Six years later he started collaborating with H&M as well as high-end brands like Jimmy Choo and Marni, but continued to develop his own ...
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Zalando regains momentum
Heavy investments in software, new systems and new distribution centers contributed to a decline in the operating margin to 3.2 percent last year from 4.8 percent, but the management expressed confidence that the margin will reach 13 percent sooner or later. It has set out an ambitious goal for the ...
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Skechers passes the $1 billion quarterly mark
Fueled by its uninterrupted international growth, Skechers has reported a sales increase of 11.4 percent to $1,080.8 million for the fourth quarter ended on Dec. 31, including a gain of 13.7 percent in local currencies. While the company's total wholesale and retail sales outside the U.S. went up by 17.9 ...
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ANWR grows by 2%
In 2018, retailers all over Europe affiliated with Germany's ANWR Group saw their retail sales in the footwear, sports and leathergoods sectors increase by 2 percent to €2.8 billion. While the footwear sector recorded a decline of 1.2 percent to €1.6 billion, Sport 2000 continued its positive international development with growth ...
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Sabu records stable revenues, but members’ sales drop by 3.6 %
Sabu Schuh & Marketing, one of the major German voluntary groups for independent shoe retailers, announced that its centralized settlements dipped from €317.8 million in 2017 to €317 million in 2018. The buying group from Heilbronn currently counts 700 affiliated retailers with 1,150 points of sale and total retail sales ...
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Tod’s posts disappointing Q4 sales, fueling doubts
Tod's posted disappointing sales in the fourth quarter, missing market expectations by about €8 million, and failing to deliver on its promise of a relaunch in the second half of 2018 thanks to investments in manufacturing, products and the digital platform.For the full year, the top line dropped by 2.4 ...
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Piccadilly launched new initiatives in Brazil and abroad
As indicated in our last issue, the economic stability that Brazil seems to have achieved with the election of a new pro-business president is encouraging small and large producers in the country to take new initiatives.Piccadilly, the big Brazilian maker of synthetic shoes, is still focusing on its huge domestic ...
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Vivarte goes ahead with La Halle merger
Vivarte took a step further in the improvement of the group's efficiency with a formal merger of La Halle's two brands, La Halle Mode et Accessoires (Fashion and Accessories) and La Halle Chaussures et Maroquinerie (Shoes and Leather goods) – effective Jan. 1, 2019.The management said the merger has no ...
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Problems ahead for Russian shoe retailers and importers
Shoes are among the products whose prices will be growing most rapidly in Russia in 2019, said the Russian Central Bank in a statement on its website a few weeks ago. The industry must be braced for perfect storm with the impact from an increase in the VAT rate, the ...
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China slowdown weighs on Alibaba’s sales
Alibaba Group Holding's revenues for its third fiscal quarter, ended on Dec. 31, grew at their weakest pace in four years, weighed by a slowing Chinese economy, which is being attributed to the ongoing trade war with the U.S.The Chinese e-tailer's sales increased by 41 percent from the year-ago quarter ...
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Amazon launches pop-up stores in Europe
What is happening to the big e-tailers? After the recent profit warnings of Asos and Zalando, the two biggest sharks in the pond, Alibaba and Amazon, have just put out discouraging figures. Both companies, which operate big marketplaces for sporting goods and many other products in their respective territories, have ...
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UFG has ambitious plans in big data analysis
Unlimited Footwear Group (UFG), the Dutch firm that sells shoes under the BullBoxer, Rehab Footwear, Gaastra and Supertrash brands and has licenses for Björn Borg, NZA New Zealand Auckland and Levi's footwear, has ambitious plans to develop big data analysis.UFG claims to have successfully developed a business-to-consumer (B2C) e-commerce platform ...
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The latest on CCC, HR Group and Leder & Schuh
From now on – according to Schuhkurier, the German trade magazine – the German-based Hamm-Reno Group will be running the Galeria Inno department stores in Belgium, including their shoe retail spaces. Galeria Inno is a subsidiary of Galeria Kaufhauf, with 16 stores in Belgium. As previously reported, the HR Group closed ...
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Jimmy Choo’s parent tops analysts’ estimates
Capri Holdings – formerly known as Michael Kors – recorded better-than-expected profits for its third fiscal quarter ended on Dec. 29, 2018, and it raised its full-year revenue guidance. The company's share price went up by 11 percent.The group's revenues remained flat as compared to the year-ago quarter at $1,440 million, ...
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Stuart Weitzman goes back to growth
After two consecutive quarters of declining sales, Stuart Weitzman returned to growth in the second fiscal quarter of its parent company, Tapestry, which ended on Dec. 29, 2018. The footwear brand's sales grew by 3 percent to $124 million, up by 4 percent in constant currencies.Currently, shoes represent 98 percent ...
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Moldova’s biggest shoe producer is expanding
Floare plans to double its production capacity, taking advantage of relatively bright export opportunities, the company said in a statement last month. The largest shoe manufacturer in Moldova recently applied for soft loans from the national State Reserve Fund to help finance an investment of €800,000 in 27 new machines ...
